“As a service to Money Morning readers who are unfortunate enough to have been holding Fannie or Freddie paper, or to the venturesome few who wonder whether there is any among the debris, I thought I’d peer through the fog of uncertainty and try to figure out what the different classes of Fannie and Freddie [...]
“At this point, the market cap for Ford is a paltry $10.13 billion. However, the company has over $25 billion in cash on the balance sheet. Granted, they have tremendous debt on the balance sheet as well, but they have more than $11 in cash per share.” [...]
“No, it won’t be flying cars, hydrogen cells, or teleporting atom machines…although those would be fun… Instead, we’re talking about simple energy and cost-efficient cars.” — Mark Louie
Blogger’s note: With oil above $140, we know something has to give. And that something may be new technology in our cars. Perhaps your [...]
Tags: atom, cellulosic, debt, energy crisis, ethanol, healthcare, housing bubble, hydrogen cells, levees, new technology, social security
“Mr. King has attached enough conditions to these loans to make the risk to the taxpayer much smaller than it might have been. He’s also helped to make life easier for banks with genuine liquidity problems. Problems with actual solvency are quite another matter however.” — John [...]
Tags: bailout, Bank of england, banking crisis, debt, foreign investment, governor, john Stepek, liquidity, mervyn king, morgage rates, solvency, uk
“It may not appear to be a major problem for those of us that pay our debts in full every month, but psychologists have found a major link between spending real cash and budgeting. The more we put on a credit card, the less our brain registers the true amount of the expenditure.” - Andrew [...]
“Most investors fail to appreciate the math involved when they’re mapping out their long-term financial plan. They fail to plan accordingly because they miscalculate financial projections and mathematical equations. As a result, these investors never have enough savings to properly fund their retirement.” — Eric Roseman
by Eric Roseman, The Sovereign Society [...]
"The news is not yet official. Maybe the NYT is jumping the gun. But evidence from chain stores, credit card companies and consumer confidence surveys all points in the same direction - down." — Bill Bonner.
Popular Daily Reckoning contributor Bill Bonner sent out this insightful and entertaining article today. Bill [...]
"We will be seeing the first cracks to appear in the system when the Chinese real estate bubble begins to deflate about three months after the conclusion of the Beijing Olympics. If you think subprime was bad, you ain’t seen nothing yet." — J. Christoph Amberger
by J. Christoph Amberger
This is the continuation of yesterday's "Forecast [...]